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Joined 1 year ago
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Cake day: July 2nd, 2023

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  • I believe I understand the perspectives, but I’m unconvinced that there isn’t asymmetry. It’s one person’s job.

    Like, I’ll whine all day about my job. But I’m under no illusions that I didn’t sign up for it, and I’m extremely cognizant that while it’s a bummer that I have to do my job, I understand that the people I support are having a worse day than I am. I’m not doing anyone a favour, I’m doing my job.



  • See I think this is where in general people in it misunderstand the impact.

    Like, if it’s -40 and your furnace breaks, who is having the worse day, you or the furnace repair man?

    The repair man might be grumbling because they have to do their job, but you’re grumbling because you’re freezing. You both might be grumbling, but by way of impact there is a massive asymmetry in impact.










  • In a speculative market, which is the reality in which we both exist, share value can absolutely be divorced from a balance sheet. As you’ve pointed out, that is the case here.

    So what is the speculative value to an investor? Why ISN’T it zero?

    If you have a theory better than “investors believe he’ll use his position as president to increase the value of his own holdings if he wins” I’d be curious to hear it.

    Maybe it’s by making presidential decisions contingent on “friendly actions” like buying shares if you’re a foreign nation or even a domestic interest. Maybe he’ll award government communication contracts.

    Super interested in an alternative explanation, though.